RE: £2 million investment- Not yet but amazing news13 Jun 2024 08:06
The key advantage of the proposed investment for Libertine Holdings PLC is the potential to secure £2.0 million in funding from strategic investors based in India and the UAE. This investment would provide the company with sufficient financial resources to continue operations until approximately June 2025, thereby extending its cash runway and allowing more time to explore additional funding options or achieve key milestones. This financial support could significantly stabilize the company's immediate future, helping it navigate current financial challenges and avoid the need for an imminent solvent wind down.